REI Lense

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$2,074 (target)

685 Naples Ct, West Melbourne, FL 32904

3 beds • 2 baths • 1936 sqft

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This property looks like a bad Long-Term investment with a projected -16.04% first-year return on $77,133 initial cash invested.

-16.04%

Cash On Cash

2.9%

Cap Rate

0.49

DSCR

$2,074

Rent

-$1,031

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,074 income − $3,105 expenses = $1,031 out of pocket

Income$2,074Out of Pocket$1,031Mortgage P&I$1,81688%Property Taxes$36718%Insurance$1336%HOA$25012%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,133

Downpayment

20%

$73,460

Closing costs

1%

$3,673

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,074

Total Expenses

$3,105

Mortgage P&I

88%

$1,816

Property Taxes

18%

$367

Home Insurance

6%

$133

HOA

12%

$250

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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